Concentrix (NASDAQ:CNXC) Releases FY25 Earnings Guidance

Concentrix (NASDAQ:CNXC) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $11.18-11.77 for the period, compared to the consensus estimate of $11.45. The company issued revenue guidance of $9.490-9.635 billion, compared to the consensus revenue estimate of $9.54 billion. Concentrix also updated its FY 2025 guidance to 11.180-11.770 EPS.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CNXC. Canaccord Genuity Group reduced their price objective on Concentrix from $100.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Barrington Research cut their target price on Concentrix from $70.00 to $54.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, Bank of America increased their price target on Concentrix from $58.00 to $59.00 and gave the company a “neutral” rating in a research report on Thursday. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $69.60.

Concentrix Price Performance

Shares of NASDAQ:CNXC opened at $65.04 on Friday. The firm has a market capitalization of $4.18 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 0.63 and a beta of 0.69. Concentrix has a one year low of $36.28 and a one year high of $77.00. The company’s fifty day moving average price is $47.90 and its 200-day moving average price is $47.85. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.42 and a quick ratio of 1.42.

Concentrix (NASDAQ:CNXC) last issued its quarterly earnings data on Wednesday, March 26th. The company reported $2.79 earnings per share for the quarter, topping analysts’ consensus estimates of $2.58 by $0.21. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.37 billion. Concentrix had a return on equity of 16.67% and a net margin of 2.61%. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period last year, the company earned $2.57 EPS. On average, equities research analysts anticipate that Concentrix will post 10.11 earnings per share for the current fiscal year.

Concentrix Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 6th. Investors of record on Friday, April 25th will be issued a $0.3328 dividend. This represents a $1.33 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Friday, April 25th. Concentrix’s dividend payout ratio is 35.85%.

Insiders Place Their Bets

In other Concentrix news, EVP Cormac J. Twomey sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $55.60, for a total transaction of $27,800.00. Following the completion of the transaction, the executive vice president now owns 41,111 shares in the company, valued at $2,285,771.60. The trade was a 1.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.20% of the stock is currently owned by corporate insiders.

Concentrix Company Profile

Concentrix Corporation engages in the provision of technology-infused customer experience (CX) solutions worldwide. The company provides CX process optimization, technology innovation, front- and back-office automation, analytics, and business transformation services, across various channels of communication, such as voice, chat, email, social media, asynchronous messaging, and custom applications.